About Us
About IILM
The International Islamic Liquidity Management Corporation (IILM) is a unique international organisation, established by central banks and a multilateral institution, to issue Shari’ah-compliant financial instruments and enable effective cross-border Islamic liquidity management.
The International Islamic Liquidity Management Corporation (IILM) is a unique international organisation, established by central banks and a multilateral institution, to issue Shari’ah-compliant financial instruments and enable effective cross-border Islamic liquidity management.
Established on 25 October 2010, the IILM is a unique global institution that enhances cross-border investment flows, international linkages, and financial stability by creating liquid Shari’ah-compliant financial instruments for institutions offering Islamic financial services (IIFS).
Headquartered in Kuala Lumpur, Malaysia, the IILM’s diverse membership includes central banks from Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the UAE, and the Islamic Corporation for the Development of the Private Sector (ICD). This one-of-a-kind collaboration addresses shared cross-border liquidity challenges.
Designed to stay ahead of the curve, the IILM supports Islamic banks during liquidity crises and provides IIFS with access to highly-rated liquidity instruments.
- “A-1” short-term credit rating
- Since Inception 2013
- “F1” short-term credit rating
- Since September 2022
PRIMARY OBJECTIVES
Facilitate cross-border liquidity management among the Institutions offering Islamic financial services (IIFS) by making available a variety of Shari’ah-compliant instruments, on commercial terms, to suit the varying liquidity needs of the Institutions offering IIFS.
Foster regional and international co-operation to build robust liquidity management infrastructure at national, regional and international levels.
Any other objectives as the Governing Board may propose and agreed upon by the General Assembly.
AIMS TO ACHIEVE THESE OBJECTIVES BY
Developing a robust secodary market for the IILM Sukūk
Being a regular issuer in the market offering different tenors and size, to suit the needs of IIFS
Building a strong infrastructure of primary distribution and price discovery through market makers
CORPORATE VALUES
Integrity & Accountability
Adhering to moral & ethical principles, ensuring fair practices and accountable for actions
Competency & Professionalism
Emphasising on individual skills, expertise, knowledge, capabilities and positive behavior
Transparency
Prioritizing clear and truthful disclosure
Trust
Fostering confidence and relationship with each other
Collaboration
Working together towards common goals and objectives
Host Country
Upon the establishment of the IILM, the Governing Board (GB) came to an agreement for the IILM to be hosted by Malaysia and headquartered in Kuala Lumpur. Malaysia was an optimal choice as it is one of the leading Islamic finance hubs in the world, which has a comprehensive Islamic financial system with a robust business-driven regulatory regime and legal framework.
As an international organisation, the IILM enjoys a range of privileges and immunities conferred in the IILM Act 2011 that the Parliament of Malaysia promulgated on 24 January 2011. Such privileges and immunities include, among others, the exemption from duties and taxes including capital gain tax to the IILM.
The IILM is listed in the book of the Malaysian Ministry of Foreign Affairs of Diplomatic Missions and International Organisations and is governed by its Articles of Agreement which was adopted on 25 October 2010.
Upon the establishment of the IILM, the Governing Board (GB) came to an agreement for the IILM to be hosted by Malaysia and headquartered in Kuala Lumpur. Malaysia was an optimal choice as it is one of the leading Islamic finance hubs in the world, which has a comprehensive Islamic financial system with a robust business-driven regulatory regime and legal framework.
As an international organisation, the IILM enjoys a range of privileges and immunities conferred in the IILM Act 2011 that the Parliament of Malaysia promulgated on 24 January 2011. Such privileges and immunities include, among others, the exemption from duties and taxes including capital gain tax to the IILM.
The IILM is listed in the book of the Malaysian Ministry of Foreign Affairs of Diplomatic Missions and International Organisations and is governed by its Articles of Agreement which was adopted on 25 October 2010.